IOCC GOLD OPTIONS (May 14, 1990)
Options Open Series Volume Last Interest May 360 C 51 12.00 104 May 380 C 715 1.60 1,466 May 390 C 159 0.50 1,097 Aug 370 C 43 15.00 95 Aug 390 C 25 8.00 589 Aug 400 C 110 5.50 1,509 Aug 410 C 50 2.80…
News
Corrections (May 14, 1990)
Some incorrect information was reported recently by Aur Resources (TSE) with respect to the location of hole 78H at its Louvicourt Twp. joint venture with Societe Miniere Louvem (TSE) near Val d’Or, Q…
Toronto Stock Exchange Indices (May 14, 1990)
May 8 May 7 May 4 May 3 May 2 HIGH LOW Composite “300” 3437.97 3421.51 3367.84 3346.68 3340.34 4009.47 3334.13 Metals & Minerals 3011.50 3002.77 2940.23 2922.54 2907.69 3453.06 2850.84 Integrated Mine…
Rea reports mixed results
Although a loss was reported for the year ended Dec. 31, Rea Gold (TSE) reached profitability in the first quarter of 1990. The company reported a loss of $2 million or $0.16 per share for the year en…
PEOPLE (May 14, 1990)
OREGON RESOURCES — Douglas Good appointed president succeeding Frank Baumann who has resigned; Bernard Poznanski appointed director succeeding James McDougall who has resigned.
Low base metal prices hurt Hudson Bay Mining
Hudson Bay Mining and Smelting has become yet another victim of lower base metal prices in the first quarter of 1990. Despite an increase in nickel, copper and zinc production, Hudson Bay’s first- qua…
Collapse of Echo Bay deal has Flanagan group scrambling
A cloud has been cast over the Toronto-based Flanagan McAdam group of gold mining companies following the recent collapse of a property-share swap agreement with Echo Bay Mines (TSE). The surprise dec…
Breakwater acquires two new properties
By spending $1 million on exploration over the next 10 years, Breakwater Resources (TSE) has the option to earn a 70% interest in 35 claims within the Blake River group of volcanic rocks that host the…
Spot prices at a glance (May 14, 1990)
Week’s Price (US) Change Gold* $369.70 — $0.80 Silver* $5.00 + $0.00 Platinum* $476.25 — $0.50 Nickel** $4.04 — $0.27 Lead** $0.37 + $0.01 Copper- $1.31 + $0.04 Zinc– $0.84 + $0.05 Courtesy of Sco…
Granges granted security for costs in Abermin lawsuit
The Supreme Court of British Columbia has ruled in favor of Granges (TSE) and others in their bid to have Abermin (TSE) post security for costs in the ongoing litigation over the Tartan Lake gold mine…
Horsham earnings drop in quarter
Horsham (TSE), which controls gold producer American Barrick Resources (TSE), reported sharply reduced earnings during the first three months of 1990. First-quarter earnings before extraordinary items…
Workers on strike at South Porcupine mine
Close to 600 production and maintenance workers at the Dome mine of Placer Dome (TSE) in South Porcupine went on strike May 7. The members of local 7580 of the United Steelworkers of America voted 52….